Federal National Mortgage Association (FNMA) Set to Announce Quarterly Earnings on Thursday

Federal National Mortgage Association (OTCMKTS:FNMA) will be posting its quarterly earnings results before the market opens on Thursday, August 1st.

Federal National Mortgage Association (OTCMKTS:FNMA) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.01 EPS for the quarter. Federal National Mortgage Association had a net margin of 11.74% and a negative return on equity of 10.56%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $6.53 billion.

Shares of Federal National Mortgage Association stock traded down $0.26 during mid-day trading on Wednesday, hitting $2.09. 21,695,045 shares of the stock were exchanged, compared to its average volume of 2,971,749. Federal National Mortgage Association has a 12 month low of $0.98 and a 12 month high of $3.27. The firm’s 50-day moving average is $2.74. The stock has a market capitalization of $2.68 billion, a P/E ratio of 3.67 and a beta of 2.27.

FNMA has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating on shares of Iovance Biotherapeutics in a research report on Friday, April 5th. Compass Point initiated coverage on shares of Federal National Mortgage Association in a research report on Thursday, June 20th. They set a “neutral” rating on the stock.

About Federal National Mortgage Association

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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Earnings History for Federal National Mortgage Association (OTCMKTS:FNMA)

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